Trade sale
Ebix to acquire India's Yatra Online for $338m
Indian travel services platform Yatra Online, which has several VC investors, has agreed to an acquisition by software and e-commerce services provider Ebix at an enterprise valuation of $337.8 million.
PAG buys Australia's Craveable Brands from Archer
Australian quick service restaurant chains Oporto, Red Rooster and Chicken Treat have their third consecutive private equity owner after PAG Asia Capital bought the business from Archer Capital.
Singapore's Novena buys VC-backed China hair salon chain
Singapore-based healthcare platform Novena Global Lifecare has completed a $350 million merger with Xingkedou, a VC-backed Chinese hair salon operator that specializes in fast turnaround services.
Southeast Asia exits: Greener pastures
Southeast Asia’s internal growth and rising appeal among global investors in recent years have fed expectations that PE and VC exits will follow. The logic is sturdy but detailed projections are elusive
KKR agrees $2.2b sale of Japan's Kokusai Electric
KKR will sell Kokusai Electric – a semiconductor-focused thin film manufacturing business acquired from Hitachi approximately 18 months ago – to US-listed Applied Materials for $2.2 billion in cash.
Deal focus: Peepul’s power grab pays off with CNPS exit
Peepul Capital has secured an exit from Indian power supply maker CNPS, selling the business to Japan's Fuji Electric seven years after acquiring a majority stake
Deal focus: KKR drives KCF ahead of schedule
KKR generates a healthy exit for its third pan-Asian fund by helping Korean copper components supplier KCF Technologies build up exposure to a booming electric vehicle market
VIG to make full exit from Korea's Samyang Optics
VIG has agreed to make a full exit from Korean camera lens manufacturer Samyang Optics – having taken the business public in 2017 – and will realize a 3.5x gross return on its investment.
Japan secondary buyouts: Between friends
Negative perceptions and local sensitivities have stymied the development of secondary buyouts in Japan. International GPs – plus some of their domestic peers – have the firepower to drive change
Peepul sells Indian UPS maker to Fuji
Peepul Capital has agreed to sell its entire stake in Consul Neowatt Power Solutions (CNPS), a maker of uninterruptible power supplies (UPS) based in India, to Japan's Fuji Electric.
Australia’s NAB Ventures exits Wave Financial in $400m deal
NAB Ventures, a unit of National Australia Bank (NAB), is set for its debut exit via a deal that will see US tax services giant H&R Block acquire Canada’s Wave Financial for about $400 million.
KKR to sell Korean battery components maker for $1b
KKR is set for the first exit from its third Asian fund, having agreed to sell Korean copper foils manufacturer KCF Technologies to an affiliate of SK Group for KRW1.2 trillion ($1 billion).
Deal focus: TPG vindicates India healthcare strategy
TPG Growth has stayed the course with a long-term plan based on confidence in a freshly assembled team at Indian cancer care provider CTSI. This has translated into a healthy exit
TPG to exit India cancer business for $283m
Asia Healthcare Holdings (AHH), an India-focused healthcare platform owned by TPG Growth, has agreed to sell cancer hospital chain Cancer Treatment Services International (CTSI) to US-based radiology player Varian Medical Systems for $283 million.
Matrix exits India eye care chain
Matrix Partners India has made a full exit from Centre for Sight, operator of a chain of eye clinics in India, to Mahindra Partners after a holding period of nearly 10 years.
ION to buy majority stake in Acuris
Financial software and data platform developer ION Investment Group has agreed to acquire a majority stake in Acuris, the parent company of AVCJ, for an undisclosed amount. The deal will provide a full exit for Singapore’s GIC Private, while current...
PE investors pursue strategic sale of The Executive Centre
HPEF Capital Partners and CVC Capital Partners have launched a sale process for The Executive Center (TEC), a serviced office provider with locations across Asia Pacific.
True North exits India seasoning business
Switzerland-based perfume and flavorings manufacturer Firmenich has agreed to acquire a majority stake in Indian seasonings business VKL Flavors, providing a full exit for True North.
Blackstone buys Korean drug distributor
The Blackstone Group has acquired Geo-Young, a South Korean wholesale drug distributor, working in conjunction with the founders. It facilitates an exit for local GP Anchor Equity Partners, which invested in the company in 2013.
Naspers exits India's MakeMyTrip to Ctrip
South African internet conglomerate Naspers Group has agreed to exit its holding in MakeMyTrip, a US-listed Indian online travel agency, to Chinese travel services firm Ctrip.
I Squared exits India's Amplus
Petroliam Nasional (Petronas), Malaysia’s state-run oil and gas company, has agreed to acquire Amplus Energy Solutions, an Indian solar power developer backed by I Squared Capital.
Indonesia exits: Unmet expectations?
Indonesia has become a source of frustration for LPs that want to see more exits. A weak currency, slower growth and rising competition aren’t helping GPs as they seek to deliver the required returns
China's acquisitive conglomerates: Tables turned
The troubles at China's HNA Group, Wanda Group and Anbang Insurance have removed a once popular exit channel for private equity, but now GPs may see these companies as a source of deal flow
Ekuinas exits Malaysia healthcare businesses
Malaysian government-backed private equity firm Ekuinas has exited its entire majority holdings in local healthcare players MediExpress and PMCare to Japan’s Sumitomo Corporation.
